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  • #712,121
  • Oct 29, 2012 9:49am Oct 29, 2012 9:49am
Quoting attila
Market profile is a very valid way of trading, one of the best I think.. I did use it, but then I found something giving me more accurate entries..
one setup at a time, allow me to reach the roots of mp then i will look at your setup too.
  • #712,122
  • Oct 29, 2012 9:56am Oct 29, 2012 9:56am
Quoting hindustani
took a long with tp 2910 as usual, will short from there again
closed for +5 ; dat was a good one

coming back to my own setup and what it says,

 

  1. 2890 area ;
  2. last week low ;
  3. is giving tough time on 4 hour
  4. even though 4 hour is in strong sell, 2917 resistance for now
  5. pa gets weakest around 2900

daily trendlines / wedge / suggests 2850 / 20 area to bounce back up


nfp week ; so i guess a tight range this week.


please share inputs on my views here

  • #712,123
  • Oct 29, 2012 9:57am Oct 29, 2012 9:57am
Quoting hindustani
closed for +5 ; dat was a good one

coming back to my own setup and what it says,

 

  1. 2890 area ;
  2. last week low ;
  3. is giving tough time on 4 hour
  4. even though 4 hour is in strong sell, 2917 resistance for now
  5. pa gets weakest around 2900

daily trendlines / wedge / suggests 2850 / 20 area to bounce back up


nfp week ; so i guess a tight range this week.


please share inputs on my views here



I see your 2850/20 area as my TP

Will be confirmed with a break of .2882
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #712,124
  • Oct 29, 2012 9:59am Oct 29, 2012 9:59am
Quoting attila
I know you asked the mp guy, but here's my 2 cents if I may.. This is not how you trade market profile. You're looking at where the POC is and what's the spread of the value area (where 70% of the trading happened). You're also looking at where the VA is in relation to the previous ones.. You also pay attention to where the buying / selling happens (above /below the current VA).. If that's the case, the big money is moving the price to another level where they're gonna build another POC (ranging).

The tendency is the price to be bought/sold around...

POC?
VA?
  • #712,125
  • Oct 29, 2012 10:01am Oct 29, 2012 10:01am
Quoting keradk
POC?
VA?
point of control

value area
  • #712,126
  • Oct 29, 2012 10:01am Oct 29, 2012 10:01am
Quoting sum_1
point of control

value area
thanks
  • #712,127
  • Oct 29, 2012 10:04am Oct 29, 2012 10:04am
Quoting attila
Market profile is a very valid way of trading, one of the best I think.. I did use it, but then I found something giving me more accurate entries..
I've been following you for months trying to learn your entries.
  • #712,128
  • Oct 29, 2012 10:24am Oct 29, 2012 10:24am
Quoting mohan76
market might die after london close unless some one want to manipulate
I will do it.
  • #712,129
  • Oct 29, 2012 10:24am Oct 29, 2012 10:24am
Quoting 21vs7
sold usdchf
BE at 72
  • #712,130
  • Oct 29, 2012 10:26am Oct 29, 2012 10:26am
Quoting publicjud
I've been following you for months trying to learn your entries.
Not that this is what I use exactly, but in principle.. take the High/Low of an h4 candle, then divide that by 4 and look at these lines on h1, then on h1 divide each interval by 4 and look at it on m15.. Look for failures/continuation at levels, and always take the second signal..
  • #712,131
  • Oct 29, 2012 10:32am Oct 29, 2012 10:32am
Quoting attila
Not that this is what I use exactly, but in principle.. take the High/Low of an h4 candle, then divide that by 4 and look at these lines on h1, then on h1 divide each interval by 4 and look at it on m15.. Look for failures/continuation at levels, and always take the second signal..
so basicaly enter @ second failure on the same given line?
  • #712,132
  • Oct 29, 2012 10:37am Oct 29, 2012 10:37am
i hope my sell limit is correctly placed for this one

http://img43.imageshack.us/img43/6743/97030965.gif
  • #712,133
  • Oct 29, 2012 10:38am Oct 29, 2012 10:38am
Quoting keradk
so basicaly enter @ second failure on the same given line?
hmm... yes.. whatever your systems says.. I was just trying to put a little framework around his question.. The way I do it with my levels (and they are not derived as I described in the example before) is kind of like this..

Let's say I'm looking for short because the higher TF is moving down. So I look to either a move up on the lower TF with let's say a failure to close (twice) above it's corresponding level or a close above, a close below and a retest without a close above then I go short with the SL above the last high (the close above candle)..

For continuation I want preferably 2 closes or a close and a retest with failure (that would make 2 closes btw).. I like the retest of the level because it gives a better entry and if I feel confident I take it right there..
  • #712,134
  • Oct 29, 2012 10:39am Oct 29, 2012 10:39am
pointless round trip fake move, I really hope there's more action tomorrow
  • #712,135
  • Oct 29, 2012 10:42am Oct 29, 2012 10:42am
i have a big question to ask as a beginner..why today people make prediction about the EUR/USD values using charts and indicators?There is a big hurricane is entering USA and EUR/USD will definitely go up.sometimes this will go to 1.3100 level
  • #712,136
  • Oct 29, 2012 10:42am Oct 29, 2012 10:42am
Quoting attila
hmm... yes.. whatever your systems says.. I was just trying to put a little framework around his question.. The way I do it with my levels (and they are not derived as I described in the example before) is kind of like this..

Let's say I'm looking for short because the higher TF is moving down. So I look to either a move up on the lower TF with let's say a failure to close (twice) above it's corresponding level or a close above, a close below and a retest without a close above then I go short with the SL above the last high (the close above candle).....

This is very interesting Attila - but if you dont mind me asking, which tf you mean when you say lower tf? Or is there not a specific one you use?
  • #712,137
  • Oct 29, 2012 10:43am Oct 29, 2012 10:43am
I still have 2878 open.. void above 34 of course..
  • #712,138
  • Oct 29, 2012 10:44am Oct 29, 2012 10:44am
Quoting Freshpips
This is very interesting Attila - but if you dont mind me asking, which tf you mean when you say lower tf? Or is there not a specific one you use?
No specific one.. It's up to your preference.... 2 things are important here.. If the market is slow or turning then the lower TFs take precedence.. When it's fast and trending, forget about them and move up TFs..

When it's ranging like now, look at higher TFs... they just sit there frozen while the lower ones are moving up/down.. So there's no point of taking a SL/TP on the higher ones because we don't know which way they're gonna go (for immediate trading purposes).. Keep in mind their general direction (which is down atm) though and trade that direction if you want to be safer.
  • #712,139
  • Oct 29, 2012 10:48am Oct 29, 2012 10:48am
Quoting MaxDoom
I will do it.
you going to kill it or manipulate looks allready dead , Spain news due in 15m
Mohan
  • #712,140
  • Oct 29, 2012 10:55am Oct 29, 2012 10:55am
This might not work in the end, but it allows for a very tight SL.. had a close above, then another one with a retest of the level... We'll see how it goes.. TP is up the next level..

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